If a disaster impacts your business, you might need to make repairs or temporarily shut down. For some, the expenses associated with disaster recovery cause negative cash flow or even small business bankruptcy. SBA disaster assistance can provide you with the funding you need to protect and continue running your business.
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Accounting Tips, Training, and News
8 Tasks to Cross Off Your Year-end Accounting Checklist
November 19, 2021The end of the year is a busy time for businesses. If you’re like most business owners, you’re probably juggling end-of-year accounting procedures in addition to heavier traffic and sales and payroll tasks. Instead of scrambling (or forgetting) to get your year-end processes complete, use a year-end accounting checklist to organize the way you wrap […]
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Business Loan vs. Credit Card: Which Is the Best Option?
November 18, 2021When it comes to your small business, there are a number of financing options available. A couple of popular options include a business loan or credit card. But, which one is better for your business? Get to know the difference between business loan vs. credit card and learn how to decide between the two.
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What Are Implicit vs. Explicit Costs, and How Can They Impact Your Profit?
November 16, 2021When it comes to your business, one of your main goals (if not your biggest goal) is to make a profit. And to find profit, you may need to look at explicit and implicit costs. But, what exactly are these costs? And, what’s the difference between implicit vs. explicit costs? It’s time for your implicit […]
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The 8 [Give or Take] Accounting Cycle Steps for Airtight Bookkeeping
November 11, 2021You want a simple way to complete bookkeeping tasks. After all, the more organized your process, the faster you can record transactions and get back to business. To stay on track, you might consider using an accounting cycle. And to do that, you need to know the accounting cycle steps.
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What Is Transaction in Accounting? An Easy Guide
November 9, 2021Keeping your books in order throughout the year is important. So, you track every item, line by line. And, you record every transaction. But, what is transaction in accounting? What, specifically, do you need to track and record?
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9 Types of Business Insurance You Can Shop Around For
November 4, 2021To run a successful business, you need to take some risks. But, risk-taking doesn’t mean you don’t do a little risk management for small business to protect your company from losing money. While you can’t avoid every threat, some types of business insurance can help lessen the financial blow when the unexpected happens.
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Customers Have Tunnel Vision? Here’s What You Can Do to Discourage Price Shopping
November 2, 2021Let’s face it: Consumers, regardless of age, gender, etc., want to find a good deal. And, some of them go above and beyond to find the best buy out there. To do this, consumers may partake in price shopping. Every business owner deals with price shopping, but how do you discourage it? Let us walk […]
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6 Business Records to Track as an Entrepreneur
October 28, 2021As a business owner, there are a lot of things to pay attention to when running your company. Payroll, hiring, bookkeeping … the list goes on and on. And, that list includes monitoring all of your business records. So, what are the most important business records to track?
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Accounting Tools to Consider for Your Small Business
October 26, 2021Owning a business comes with some heavy-duty responsibilities. From invoicing to updating your books, you have a lot of tasks to juggle. You need the right tools to help you keep your business moving along without dropping what you’re juggling.
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